Chasen Holdings debuts in SGX-ST Mainboard

Thanks to S$19.93m worth of deal wins.

According to a release, Chasen Holdings announced that the group has on 4 January 2013 obtained the approval in-principle from the Singapore Exchange for the proposed transfer from the Catalist to the SGX-ST Mainboard.

During the financial year ending 31 March 2013, the Group has successfully penetrated the waste water treatment industry in China and continues to bag multiple contracts in Technical & Engineering and Relocation Services.

Pursuant to the announcement on 24 September 2012, the Group secured its maiden purified water and waste water treatment transfer-operate-transfer project in Jilin Province, China.

The total investment for acquiring the 30 years concession rights for both plants is up to RMB300.0 million (equivalent to S$58.2 million).

Additionally, the Group has clinched six engineering projects (five locally and one in Malaysia) with a total contract value of approximately S$19.93 million and one relocation
contract in China worth S$2.4 million in FY2013.

These projects have been previously announced on inter alia, 15 June, 5 July, 8 August and 19 November 2012.

Through the listing on the SGX-ST Mainboard, the Group believes that it is able to strengthen its corporate image and presence in the industry as SGX-ST Mainboard is
positioned for more established companies with longer track records due to its tighter listing rules.

In addition, the Group is set to leverage on the new platform to support their growth with access to a broader investor base.